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Share with friends and circles of friends with wechat scanning QR code < / P > < p > on April 29, according to informed sources, Elon Musk, CEO of Tesla, mentioned when negotiating with banks and persuading them to support their $44 billion acquisition of twitter that he would focus on improving the profits of the social media company and achieve his goals by cutting costs and layoffs < p > < / P > < p > in a conference call with the banker team before the deal was announced, musk answered questions about how he would help twitter increase profits. People familiar with the matter said that musk himself did not have access to Twitter's non-public financial information at that time, so he did not give specific suggestions, but he specifically mentioned layoffs. However, musk did not disclose which departments or positions might be affected < p > according to people familiar with the matter, musk also discussed the idea of monetizing the platform and increasing cash flow, including launching potential subscription services to drive recurring revenue growth. Although musk rarely talked publicly about how he planned to drive twitter growth, he hinted earlier this month that the acquisition was not for profit < p > after making an offer to buy twitter, musk said at an event: "this is not a way to make money. My strong intuition is that having the most trusted and inclusive public platform is extremely important for the future of civilization. I don't care about the economy at all." < p > everyone from twitter employees to investors is eager to know how musk plans to run the company. Once he completes the acquisition at $54.2 per share, twitter will become a privately held company. In addition to public tweets on the matter, musk did not disclose too many details of possible changes, and twitter management did not hold an investor conference call when it released its quarterly results on Thursday < p > in a statement announcing the deal, musk said he hoped to make twitter "better than ever" by "enhancing products with new features, opening algorithms to increase trust, defeating spam robots, and authenticating all humans". Twitter CEO Parag Agrawal has informed employees that Twitter will operate as usual until the transaction is completed < p > according to people familiar with the matter, musk did not introduce his plans and ideas to the twitter board, including layoffs. In addition, the board's evaluation of the transaction is mainly based on Musk's quotation, rather than Twitter's own modeling and analysis of future financial performance < p > people familiar with the conference call said musk had made it clear that he would seek financial return from the deal. These calls are part of Musk's efforts to strive for bank financing. During this period, he talked about his resume in Tesla and SpaceX to prove that he knows how to transform the company to generate returns < p > musk also repeated some of his ideas on how to run the company posted on twitter. People familiar with the matter said he talked about the need to stimulate netizens and celebrities to become more active on the platform, echoing a tweet he posted this month that music superstar Taylor Swift had not posted for three months < p > twitter said on Thursday that its revenue in the first quarter was $1.2 billion, slightly lower than expected. Sales rose 16%, the worst growth rate in six quarters. Consistent with the reports of snap and meta, the two companies are trying to cope with the decline in advertising spending due to supply chain problems, inflation and the crisis in Ukraine < p > twitter shares closed at $49.11 a share on Thursday, up 0.97%, much lower than the offer given in Musk's takeover offer. (small) < / P > < p >

2023-03-22 10:04:53